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Originally Posted by NYCfixie
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Look, even Buffet has said more than once that low cost index funds, both stock and bond, is the way to go. The 60-40 rule has worked for decades, until very recently, but that time period included a very unusual interest rate hike from zero to 6-8 percent, which massacred bond value. But, they'll be back, and now you can actually get 5% for a CD with the full backing oF The FDIC, which is pretty damn good for a "retirement portfolio". Don't get greedy when you're old, you're in the no second chance zone.
Don't forget quality real estate, too, as a place to park money, especially if you want to "gift" your kids pre casket. It's a marvelous money laundering vehicle with a lot of tax breaks for the middle class.
Go to Vanguard, buy some low cast index funds (they are all low cost there), set it, forget it. Avoid fees. Nobody can predict the future. Even most well paid active fund managers can't beat the market beyond the short term.
DO NOT SELL LOW. It's the biggest mistake most people make, besides not saving at all. Patience.